On 28 July, Italian private equity firms Aksìa Group SGR and Alcedo SGR announced the sale of Gimi to global Group FHCS (Freudenberg Home and Cleaning Solutions), a German multinational company which holds brands such Vileda, Wettex and Marigold.
Gimi is an Italian manufacturer of home care products. The company is based in Monselice (near Padua, Northern East Italy).
The transaction is expected to be completed by the end of the third quarter of this year after approval by the antitrust authorities.
In October 2008 Aksìa Group SGR along with Alcedo SGR invested in Gimi with the objective to support the company’s growth, bringing in professional management and industrial culture.
In 2015 Gimi posted a turnover of €80m. The company has over 320 employees.
The company was founded in 1970 by the Miola family.
Today Gimi manufactures and sells items as such as clothesline, ironing boards, ladders, stools and other accessories in more than 80 countries and operates through three logistics platforms in Spain, Germany, Poland and it also has a sales subsidiary in India.
“The leadership of Gimi brands along with its product portfolio, technological expertise and innovation will help FHCS to create significant added value for consumers while strengthening its market position” explains Claudio Rosso, CEO of Gimi.
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